When I say "tons of feedback" I mean lots of loop gain. Loop gain may be loosely defined as the difference between open loop gain and closed loop gain.
However, low closed loop gain does not necessarily imply high loop gain because you also need to know the open loop gain.
If you want to stand a reasonable chance at transparency (ie. no audible difference between input and output), shoot for a minimum of 60dB of loop gain at all audio frequencies. With normal circuit techniques open loop THD figures of 0.1% are realistic so the end result will be in the order of 0.0001%.
If the circuit you're designing has a lot of gain (mic pre), don't compensate your amps for unity gain. Consider distributing the gain among the stages and if possible run a higher order loop around the whole thing. This will make the compound gain of all stages available to fight the distortion of all stages at once. Works like a charm, and sonically it proves that minimalism is a trivial pursuit.